Car Loan Calculator
What To Consider For Car Payments And Car Affordability
Buying any new or used car can get overwhelming when you have no clue of where to begin from the money standpoint. One of the keys to a successful car purchase has always been being able to figure out what you can manage financially. So, to that end, use our car loan calculator to get an idea of what you can afford! All you have to do is plug in your desired monthly payment or your desired vehicle price.
Enter the MSRP, sales, asking or retail price of your car
What is the NADAguides trade-in value of your current car? Note: make sure to deduct any remaining loan balance if you have one.
Will you be putting money "down" on the purchase? If so, how much?
FICO Score – FICO® scores can impact the interest you pay on a loan. Below is an example set of FICO® scores and the respective APR. You can see that working to get your score in the higher ranges can mean more savings! Use the below FICO score table to better estimate the APR you will qualify for.
What finance/car loan interest rate do you qualify for? 3.95% is based on average credit score.
How quickly (in months) do you plan to pay off the car loan? Typically loan terms are offered at 36, 48 and 60 months.
Sales tax is a combination of your local and state sales tax rates. This figure is not represented in the sticker price of a car, but contributes to the total cost of purchasing a car. Sales tax may vary by county.
Actual price and payments may be different due to local rebates, specials, fees, and credit qualifications. Consult your dealer for actual price, payments, and complete details. .
Updated as of July 1, 2020
Source: The Tax Foundation - https://taxfoundation.org/state-and-local-sales-tax-rates-2020
This tool provides estimated monthly payments and estimated APRs for illustrative purposes only. Actual price and payments may be different due to local rebates, specials, fees, and credit qualifications. Consult your dealer for actual price, payments, and complete details.
Pricing shown may exclude a document fee, destination/delivery charge, taxes, title, registration, service contracts, insurance or any outstanding prior credit balances. Optional equipment not included. Option pricing is based on the manufacturer's suggested retail price.
For purposes of calculating your monthly payment, the estimated Manufacturer’s Suggested Retail Price (MSRP) was used. Not all terms are available in all areas. Terms may vary based on creditworthiness.
The price shown is for qualified, eligible customers. Actual dealer price will vary.
Many variables, including current market conditions, your credit history and down payment will affect your monthly payment and other terms. See your local dealer for actual pricing, annual percentage rate (APR), monthly payment and other terms and special offers. Pricing and terms of any finance or lease transaction will be agreed upon by you and your dealer.
The estimated monthly payment is based upon the credit rating of 800.Rates
An APR is the cost of your credit as a yearly rate. User APR Payment calculations are based an APR and term. The initial APR is provided for estimation purposes only and you may change it at any time. However, you may not be able to finance your vehicle at this rate. See your local dealer for details and actual available terms and conditions.
You may not be able to finance your vehicle at the rate provided.Incentives and Rebates
Incentive and finance offers shown may not be available to all customers. Incentives lists are examples of offers available at the time of posting and are subject to change.
Not all incentives can be redeemed together. To take advantage of rebates, incentives and/or financing offers you may be required to take new retail delivery from dealer stock by the expiration date noted.Trade-In
The "Net Trade-in" is an estimate only and many factors that cannot be assessed without a physical inspection of the vehicle may affect actual value. J. D. Power is not responsible for and does not guarantee the "Net Trade-in" information. Please see your local dealer for information regarding actual trade-in availability and value.ZIP Code
Your ZIP Code helps us calculate your payments and offers.Photos, Pictures and Vehicle Images
Images shown may not necessarily represent the actual vehicle used to calculate the estimate. Vehicles shown may have optional equipment at additional cost.
Your monthly payment:
Note: Based on the information given, we have calculated that you can afford a car with a monthly payment of up to the figure listed above.
Cost factors included in your monthly payment.